Texas Field Production of Crude Oil
If there is so much oil and gas around, why does it cost $3.61/gallon of gasoline?????
I get a 404 on the link but the story sounds about right, we’re booming.
The Eagle Ford is definitely an economic boom to the area and the state in general. We’re starting to see a lot of drilling rigs moving to the west Texas Permian basin which some analysts say has the potential to be at least 10 times larger than the Eagle Ford. I hope so but not crazy about moving to west Texas...LOL. Another couple of years of this and I’m retiring if the obamanation at bay.
May God continue to richly bless Texas!
This is the money statement of the article:
“Also, oil field jobs have a relatively high multiplier effect, creating four other jobs for every one directly related to petroleum. That doesnt even count service jobs, such as restaurant employment added to serve oil field workers, he said.”
You would think the federal govt. would want to encourage something that has such a huge impact on the economy and employment rate.
Where are the guys who were pimping ‘peak oil’ on FR a few years ago?